Safe & Green Development Corp 8-K Filing
Ticker: RENX · Form: 8-K · Filed: Feb 5, 2025 · CIK: 1959023
| Field | Detail |
|---|---|
| Company | Safe & Green Development Corp (RENX) |
| Form Type | 8-K |
| Filed Date | Feb 5, 2025 |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.001, $6.575 million, $1,000 |
| Sentiment | neutral |
Sentiment: neutral
FAQ
What type of filing is this?
This is a 8-K filing submitted by Safe & Green Development Corp (ticker: RENX) to the SEC on Feb 5, 2025.
What are the key financial figures in this filing?
Key dollar amounts include: $0.001 (ch Registered Common Stock, par value $0.001 SGD The Nasdaq Stock Market LLC I); $6.575 million (ite") owned by the Company to Lithe for $6.575 million. The Contract of Sale provides that the); $1,000 (reement. Lithe has agreed to provide a $1,000 earnest money deposit to evidence its c).
How long is this filing?
Safe & Green Development Corp's 8-K filing is 2 pages with approximately 671 words. Estimated reading time is 3 minutes.
Where can I view the full 8-K filing?
The complete filing is available on SEC EDGAR. You can also read the AI-decoded analysis with risk assessment and key highlights on ReadTheFiling.
Filing Stats: 671 words · 3 min read · ~2 pages · Grade level 12 · Accepted 2025-02-05 17:30:32
Key Financial Figures
- $0.001 — ch Registered Common Stock, par value $0.001 SGD The Nasdaq Stock Market LLC I
- $6.575 million — ite") owned by the Company to Lithe for $6.575 million. The Contract of Sale provides that the
- $1,000 — reement. Lithe has agreed to provide a $1,000 earnest money deposit to evidence its c
Filing Documents
- ea0230037-8k_safe.htm (8-K) — 27KB
- ea023003701ex10-1_safe.htm (EX-10.1) — 12KB
- ex10-1_001.jpg (GRAPHIC) — 697KB
- ex10-1_002.jpg (GRAPHIC) — 866KB
- ex10-1_003.jpg (GRAPHIC) — 1038KB
- ex10-1_004.jpg (GRAPHIC) — 1090KB
- ex10-1_005.jpg (GRAPHIC) — 935KB
- ex10-1_006.jpg (GRAPHIC) — 855KB
- ex10-1_007.jpg (GRAPHIC) — 649KB
- ex10-1_008.jpg (GRAPHIC) — 1066KB
- ex10-1_009.jpg (GRAPHIC) — 892KB
- ex10-1_010.jpg (GRAPHIC) — 1044KB
- ex10-1_011.jpg (GRAPHIC) — 1190KB
- ex10-1_012.jpg (GRAPHIC) — 1077KB
- ex10-1_013.jpg (GRAPHIC) — 1074KB
- ex10-1_014.jpg (GRAPHIC) — 257KB
- ex10-1_015.jpg (GRAPHIC) — 478KB
- 0001213900-25-010617.txt ( ) — 18401KB
- sgd-20250130.xsd (EX-101.SCH) — 3KB
- sgd-20250130_lab.xml (EX-101.LAB) — 33KB
- sgd-20250130_pre.xml (EX-101.PRE) — 22KB
- ea0230037-8k_safe_htm.xml (XML) — 4KB
01. Entry Into a Material Definitive
Item 1.01. Entry Into a Material Definitive Agreement. On January 30, 2025, LV Peninsula Holding, LLC ("LV Holding"), a wholly owned subsidiary of the Company, entered into a Commercial Contract (the "Contract of Sale") with Lithe Development Inc., a Texas corporation ("Lithe"), to sell the Company's approximately 60-acre waterfront Lake Travis site in Lago Vista, Texas (the "Lago Vista Site") owned by the Company to Lithe for $6.575 million. The Contract of Sale provides that the closing of the sale by LV Holding to Lithe of the Lago Vista Site is expected to occur on or before February 12, 2025 following satisfaction of all required closing conditions. Within four business days of signing the Contract of Sale, Lithe must provide to LV Holding an executed JV contract which includes the loan agreement. Lithe has agreed to provide a $1,000 earnest money deposit to evidence its commitment to purchasing the Lago Vista Site. If Lithe breaches the Contract of Sale, LV Holding may terminate the Contract of Sale and receive the earnest deposit as its sole remedy. The Contract of Sale executed on January 30, 2025, supersedes the previously executed Contract of Sale with Lithe, dated April 25, 2024, as amended effective as of July 18, 2024, July 25, 2024 and August 8, 2024, for the Lago Vista Site. The foregoing description of the Contract of Sale and the transaction contemplated by the Contract of Sale does not purport to be complete and is subject to, and qualified in its entirety by reference to, the full text of the Contract of Sale, a copy of which is attached hereto as Exhibit 10.1 and incorporated herein by reference.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit Number Exhibit Description 10.1 Commercial Contract between LV Peninsula Holding, LLC and Lithe Development Inc. 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded within the inline XBRL document) 1
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Safe and Green Development Corporation Dated: February 5, 2025 By: /s/ Nicolai Brune Name: Nicolai Brune Title: Chief Financial Officer 2